HKD45.60
0.55% yesterday
Hong Kong, Nov 15, 09:08 am CET
ISIN
CNE1000003X6
Symbol
2318
Index
Sector
Industry

Ping An Insurance (Group) Company of China Target price 2024 - Analyst rating & recommendation

Ping An Insurance (Group) Company of China Classifications & Recommendation:

Buy
91%
Hold
9%

Ping An Insurance (Group) Company of China Price Target

Target Price HKD61.07
Price HKD45.60
Potential
Number of Estimates 18
18 Analysts have issued a price target Ping An Insurance (Group) Company of China 2025 . The average Ping An Insurance (Group) Company of China target price is HKD61.07. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 23 analysts: 21 Analysts recommend Ping An Insurance (Group) Company of China to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Ping An Insurance (Group) Company of China stock has an average upside potential 2025 of . Most analysts recommend the Ping An Insurance (Group) Company of China stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Dec '23 2024
Estimates
Revenue Billion HKD 997.21 1,064.99
23.49% 6.80%
Net Margin 9.70% 14.38%
25.07% 48.30%

13 Analysts have issued a sales forecast Ping An Insurance (Group) Company of China 2024 . The average Ping An Insurance (Group) Company of China sales estimate is

HKD1.1t
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. This is
7.93% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
HKD1.2t 3.41%
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, the lowest is
HKD913b 21.11%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 HKD997b 23.49%
2024
HKD1.1t 6.80%
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2025
HKD1.1t 2.35%
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2026
HKD1.2t 6.56%
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7 Ping An Insurance (Group) Company of China Analysts have issued a net profit forecast 2024. The average Ping An Insurance (Group) Company of China net profit estimate is

HKD153b
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. This is
20.32% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
HKD175b 37.76%
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, the lowest is
HKD123b 3.13%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 HKD96.7b 4.30%
2024
HKD153b 58.39%
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2025
HKD159b 3.61%
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2026
HKD169b 6.21%
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Net Margin

2023 9.70% 25.07%
2024
14.38% 48.30%
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2025
14.56% 1.25%
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2026
14.51% 0.34%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share HKD 5.34 8.46
4.30% 58.43%
P/E 5.39
EV/Sales 1.03

7 Analysts have issued a Ping An Insurance (Group) Company of China forecast for earnings per share. The average Ping An Insurance (Group) Company of China <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

HKD8.46
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. This is
20.34% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
HKD9.68 37.70%
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, the lowest is
HKD6.81 3.13%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 HKD5.34 4.30%
2024
HKD8.46 58.43%
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2025
HKD8.76 3.55%
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2026
HKD9.31 6.28%
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P/E ratio

Current 6.49 1.88%
2024
5.39 16.95%
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2025
5.20 3.53%
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2026
4.90 5.77%
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Based on analysts' sales estimates for 2024, the Ping An Insurance (Group) Company of China stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.94 41.61%
2024
1.03 9.04%
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2025
1.00 2.30%
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2026
0.94 6.15%
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P/S ratio

Current 0.71 28.94%
2024
0.78 8.62%
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2025
0.76 2.30%
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2026
0.71 6.15%
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